Heritage Financial Co. (NASDAQ:HFWA) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Heritage Financial Co. (NASDAQ:HFWA) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,011 shares of the financial services provider’s stock after selling 55,111 shares during the quarter. Assenagon Asset Management S.A. owned about 0.31% of Heritage Financial worth $2,573,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HFWA. CWM LLC boosted its position in shares of Heritage Financial by 17.1% in the 3rd quarter. CWM LLC now owns 3,297 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 481 shares in the last quarter. New York State Teachers Retirement System raised its stake in Heritage Financial by 9.4% in the third quarter. New York State Teachers Retirement System now owns 5,796 shares of the financial services provider’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Heritage Financial by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 123,283 shares of the financial services provider’s stock worth $2,684,000 after acquiring an additional 500 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Heritage Financial by 43.7% during the third quarter. GAMMA Investing LLC now owns 1,975 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 601 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Heritage Financial during the second quarter valued at about $25,000. 78.30% of the stock is owned by institutional investors and hedge funds.

Heritage Financial Trading Down 0.4 %

Shares of NASDAQ:HFWA opened at $24.60 on Thursday. The business has a 50-day moving average price of $25.16 and a 200-day moving average price of $23.14. The stock has a market cap of $840.19 million, a price-to-earnings ratio of 22.78 and a beta of 0.57. Heritage Financial Co. has a 52-week low of $16.55 and a 52-week high of $27.58. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.

Heritage Financial (NASDAQ:HFWA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The business had revenue of $81.65 million for the quarter, compared to analysts’ expectations of $58.17 million. Heritage Financial had a return on equity of 7.01% and a net margin of 12.27%. During the same period in the prior year, the business posted $0.51 earnings per share. Equities analysts predict that Heritage Financial Co. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

HFWA has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on shares of Heritage Financial from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Stephens raised their price target on shares of Heritage Financial from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Heritage Financial currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Insider Transactions at Heritage Financial

In other news, EVP Tony Chalfant sold 2,975 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.50, for a total value of $78,837.50. Following the completion of the transaction, the executive vice president now owns 20,119 shares of the company’s stock, valued at $533,153.50. The trade was a 12.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

About Heritage Financial

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit.